Hubspoke Holdings acquires Veramark, names new leaders

Veramark Technologies Inc. is now a wholly owned subsidiary of Hubspoke Holdings Inc. and with new leadership.

The merger of the two companies was completed Monday, a filing by Veramark with the U.S. Securities and Exchange Commission states.

The transaction, at $1.18 a share of Veramark stock, involved 9.9 million tendered shares, the filing states.

The Henrietta telecommunications expense management firm’s common stock is suspended from trading on the over-the-counter bulletin board, and company officials have asked that the stock no longer be listed, the filing states.

Kevin Wood has been named president and CEO at Veramark, the filing states. He replaces Anthony Mazzullo.

Michael Mele has been named chief financial officer, the filing states. He replaces Ronald Lundy.